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Question
Mila borrows $1,000 from Pedro to pay for school and gives Pedro a note for that amount. Pedro wants Mila's father to sign as an accommodation party. Mila's father signs below Mila's signature on the fall of the note. Who has liability to Pedro?
A. Mila has primary liability as a maker.
B. Mila's father has primary liability as an accommodation maker.
C. Mila and her father have the same contractual liability.
D. Mila has primary liability and her father has secondary liability.
Answer
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Related questions
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